Martin Shkreli expressed optimism about DeFi's future and admitted to having utilized the technology in the past. "Uniswap is fantastic. "I started using Uniswap, Ethereum's leading decentralized exchange, in prison," he stated.
He also talked about how DeFi could eventually supplant the old financial system. "I don't think it's reached its maximum potential," he remarked. "I believe we'll see an increase in the number of financial items that wind up in DeFi... Some crypto entity will eventually be larger than the financial behemoths."
Martin Shkreli has spoke about how traditional equities could be tokenized using blockchain technology.
“With DeFi, there are so many possibilities." "Clearly, there should be an Apple coin and a Tesla coin," he stated. Apple and Tesla trading with synthetic assets is already conceivable with DeFi, albeit it has yet to gain widespread use.
Martin Shkreli criticized the process of buying equities in the United States and said that DeFi could help. "It's kind of ridiculous that I can't acquire a Tesla share without going through the SEC and all these other steps... I hope there are individuals storming into the silo and attempting to destroy it forever."
He also mentioned Algorand and Solana as two Layer 1 projects that could erode Bitcoin's market dominance, saying that the top cryptocurrency's rule could be "eaten away" over time.
He believes Ethereum will eventually overtake Bitcoin in market capitalization, a scenario known among Ethereum aficionados as "the Flippening." "Given the use cases of Ether, the so-called 'Flippening,' where Ether is valued more than Bitcoin, it's hard for that not to happen," he said.
Martin Shkreli, who worked as a hedge fund manager before starting Turing Pharmaceuticals, noted that DeFi may provide people with "true freedom" by allowing them to trade any asset from anywhere in the world.
We will work around the clock to provide Crypto news.